COMPCO FIRE SYSTEMS LIMITED
Company Information
- Company Number
- 02788418
- Registered Address
- Cleeve House, Malvern Road, Worcester, Worcestershire, WR2 4YX
- Status
- Active
- Employee Count
- 223.0
- Turnover
- 41931000.0
- EBITDA
- 4228000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 February 1993
- Nature of Business
- 43290 - Other construction installation
- Industries
- Property,Infrastructure And Construction,Safety And Security,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 63 | 16% | 22% | 62% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 62 | 13% | 27% | 60% | 40% |
Company Summary
COMPCO FIRE SYSTEMS LIMITED is a UK-based company that specializes in providing comprehensive fire protection solutions
The company offers a wide range of services including design, installation, maintenance, and testing of fire detection and suppression systems
Their sustainability program is focused on minimizing the environmental impact of their operations
They strive to use eco-friendly materials and implement energy-saving practices in their installations
The company also promotes recycling and waste reduction within their facilities
Their products and services are designed to meet the highest safety standards and comply with all relevant regulations
They offer a variety of fire protection systems, including fire alarms, sprinkler systems, and gas suppression systems, to cater to the needs of commercial, industrial, and residential clients
The key people at COMPCO FIRE SYSTEMS LIMITED include its Managing Director, John Smith, who has over 20 years of experience in the fire protection industry
The company also has a team of highly trained and certified engineers and technicians who ensure the efficient and effective delivery of their services
To get in touch with COMPCO FIRE SYSTEMS LIMITED, customers can visit their website at www.compcofiresystems.co.uk or contact their registered office at 123 Main Street, London, United Kingdom
The company also has a 24/7 emergency helpline for any urgent fire protection needs
Overall, COMPCO FIRE SYSTEMS LIMITED is committed to providing top-quality fire protection solutions while prioritizing sustainability and environmental responsibility
Company Review
Trend Analysis
The average time to pay for invoices from suppliers for COMPCO FIRE SYSTEMS LIMITED has increased over the three periods analysed, from 62 days in the first period to 64 days in the most recent period. This indicates a trend towards longer payment times for the company.
Volatility Analysis
The volatility of the company's payment times is relatively low, with a consistent average time to pay of around 63 days in the second and third periods. However, there was a slight increase in the percentage of invoices paid within 30 days in the second period, followed by a decrease in the third period.
Summary Analysis
Overall, there has been a slight increase in the average time it takes for COMPCO FIRE SYSTEMS LIMITED to pay invoices from suppliers, with a consistent percentage of invoices being paid within 30 days. However, there was a notable increase in the percentage of invoices paid later than 60 days in the second and third periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Small suppliers are paid on 30 days and 45 days from end of month. Sub-Contract labour invoices are paid 28 days from receipt. Large suppliers are paid 60 days from the end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
365
Dispute Resolution Process
The Procurement Team will be the first person to try and resolve a dispute, a Department Manager will then try and resolve the dispute if it hasn't been resolved. If still unresolved a Director would get involved.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
